Abstract:
Cryptocurrency exchange Binance announced that it will cease Binance Mining Pool and related services at 15:00 on November 10, 2026 (UTC+8). Affected projects include Binance Mining Pool, cloud computing power, transaction acceleration, mining pool API, Telegram computing power reminders, email notifications and other functions.
Miner connections and related functions will be stopped:
After the service is stopped, Binance will actively disconnect the mining pool and deactivate the Stratum address and mining-related endpoints. The computing power and miner shares submitted thereafter will no longer be accepted or included in the rewards. More importantly, the related products will no longer generate new income or service rights.
Transaction acceleration and other services are consumer-level services provided by Binance based on the mining pool. When users transfer money through Bitcoin, it may be affected by block speed issues and the arrival time may be slow. The transaction acceleration function allows miners to pay additional fees to prioritize related transactions, which means that it can help transfers arrive faster.
Miners using Binance Pool need to switch as soon as possible:
Binance recommends users to switch their mining machines to other supported mining pools before stopping the service, and at the same time cancel the subscription or redeem the relevant positions of the mining pool. The mining shares submitted before the service is suspended and meet the conditions will continue to be calculated according to relevant rules and the final reward will be calculated. Unissued rewards, balances, refunds and settlements will be processed according to product rules, account status and compliance review after the service is stopped. Users need to complete the necessary account verification and other steps before 07:59 on November 10 in order to process eligible payments.
The mining pool page will continue to be open until November 24 after the shutdown, allowing users to continue to view the mining pool’s historical data, account records and related asset issuance status, and will be permanently closed thereafter. Binance did not disclose why it closed the mining pool business. Binance stated in the announcement that the suspension is part of the ongoing evaluation of products and services.
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